Hobby Way, Cannock

STYLISH 6-BEDROOM HMO WITH STRONG INCOME & 96% OCCUPANCY!

Located in the sought-after WS11 area, this fully licensed 6-bedroom HMO offers an exceptional investment opportunity with reliable, consistent returns. The property generates a gross rental income of £3,515/month (annual gross rent: £42,180), achieving a net operating income (NOI) of £31,910 annually. With 2 en-suites and 2 shared shower rooms—each with dual washbasins and storage—this property meets all modern living requirements.

Key features include a 96.20% occupancy rate and an impressive EPC rating of C (potential B), ensuring both tenant appeal and energy efficiency. Fully licensed, this HMO represents a secure, future-proof investment.

FINANCIAL BREAKDOWN:

Monthly Rental Income:
£3,515

Annual Gross Rent:
£42,180

Annual Operating Costs (Fully Comprehensive):

Utilities: £4,493

Council Tax: £2,660

Broadband: £785

Cleaning: £1,800

TV Licence: £170

Fire Alarm Servicing: £50

EICR (annualised): £10

PAT Testing (estimated): £50

Gas Safety Certificate: £70

HMO Licence (Cannock, annualised): £182

Total Annual Costs:
£10,270

Net Operating Income (NOI):
£42,180 (gross rent) – £10,270 (costs) = £31,910

What’s included in the NOI?
The NOI figure takes into account all operational and compliance costs, not just basic expenses, offering a complete view of the property’s profitability. This includes utilities, council tax, broadband, cleaning, TV licence, fire alarm servicing, EICR, PAT testing, gas safety certification, and HMO licence fees.

Gross Yield:
Based on the purchase price of £395,000:
Gross Yield: 10.7% (calculated as £42,180 annual rent / £395,000 purchase price)

Don’t miss out on this high-yield, fully licensed HMO in a sought-after area. Contact us today to schedule a viewing or find out more – your next great investment is waiting!